DESCARTES LAUNCHES DYNAMIC INVENTORY SOURCING SERVICES WITH SAMEDAY
Descartes Announces Equity Position in Sameday, Embeds Technology Into
DeliveryNet Solutions
WATERLOO, ONTARIO, March 6, 2001 - The Descartes Systems Group Inc.,
(NASDAQ:DSGX)(TSE:DSG.), a leading provider of global Internet logistics
solutions, announced today the launch of the first end-to-end dynamic
inventory sourcing solution for organizations looking for a competitive
advantage in Just-In-Time manufacturing, critical parts sourcing and
after-market spare parts management. The complete solution will let users
gain visibility and control over inventory - in motion and at rest - of
unallocated inventory and allocated inventory.
Descartes also announced today a strategic alliance and equity
position in Sameday, a developer of rapid-response product distribution
software. Descartes will integrate Sameday`s Syntempo inventory sourcing
technology into its complete Internet-based inventory management solution.
"Organizations are looking for real-time management of their
inventories, whether they are in motion or in a multi-site warehouse
environment," said Willem Galle, COO, Descartes. "We chose Sameday for its
ASP approach to inventory management, which complements and enhances
Descartes` complete order-to-cash inventory and logistics solution."
The resulting solution to be marketed by Descartes will offer
a unique network-based dynamic inventory sourcing solution providing
organizations real-time visibility into their in-transit inventories as well
as those at rest in multi-site warehouses and depots.
"Sameday offers the Syntempo suite of rapid-response product
distribution software to enterprises looking for a hosted suite of order
sourcing and inventory distribution solutions," said Alex Nesbitt, President
and CEO, Sameday. "Combining Descartes` market leading inventory and
logistics visibility capabilities with Syntempo`s strengths in inventory
availability and order sourcing will benefit organizations looking to gain
increased control across their order-to-delivery process."
Descartes is one of five companies that have taken equity
positions in Sameday, which to date has raised US$45 million in equity
financing. Other investors include Accel Partners, TH Lee.Putnam Internet
Partners, The IGNITE Group and idealab! Sameday will use the proceeds to
broaden the deployment of its technology across partners, fund ongoing
development and enhance supply chain services for its growing list of
Fortune 100 customers.
About Sameday
Sameday`s (www.sameday.com) Syntempo software suite enables
manufacturers, retailers and logistics providers to deliver product faster,
more reliably and at a lower cost. Clients of Sameday are able to
dynamically allocate inventory and instantly execute product orders across
any fulfillment center, delivery partner or enterprise in their supply
chain.
Provided on an ASP basis, Sameday`s Syntempo software integrates
easily with other systems. Clients can custom-configure their supply chains
by integrating their current distribution network or outsourcing any piece
of their fulfillment operations to logistics providers in the Sameday
network. The Syntempo software currently serves more than twenty clients,
including several Fortune 100 companies.
About Descartes
Descartes is a leading provider of global Internet logistics
solutions that facilitate B2B e-commerce. Descartes` logistics network
technology and network-based services enable companies to create high-speed,
high-performance fulfillment networks called DeliveryNets. DeliveryNet
solutions empower organizations to deliver reliable, responsive customer
service in a profitable manner and to create innovative new products and
services.
DeliveryNet solutions leverage Descartes` Internet-based Global
Logistics Network, an open, worldwide network of shippers, receivers,
carriers, logistics service providers, e-marketplaces, vertical portals, and
transportation exchanges. The result is a global logistics community
connected to Descartes` technological infrastructure that provides cost
savings and revenue opportunities for businesses that need to manage
physical product movement.
For more information about Descartes, visit www.descartes.com.
All registered and unregistered trademarks mentioned in this release are the
property of their respective owners.
###
This release contains statements that may relate to expected revenue from
and transaction volume of Descartes customers, performance of Descartes`
DeliveryNet solutions, market dynamics and other matters that may constitute
forward-looking statements that involve risks and uncertainties. The
Company`s actual results may differ from the results discussed in the
forward-looking statements as a result of factors discussed in the section
entitled, "Risk Factors" in documents filed with the Securities and Exchange
Commission, the Ontario Securities Commission and other securities
commissions across Canada.
Contact Info:
Annette Van Gerwen
Public Relations
Descartes Systems Group
(519) 746-6114 ext. 2208
avangerwen@descartes.com
Erin Mills
Public Relations
Sameday
(626) 435-8228
erin.mills@sameday.com
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